Manappuram Finance has received an approval for the issuance of the Private Placement of Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) up to Rs 250 crore. The Financial Resources and Management Committee of the Board of Directors of the company on June 10, 2020 approved the same.
Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.